Bitcoin Bonanza on Tap if BlackRock ETF Is Approved

[deaddog]

Note that 10/20/2021 is the first date reported by Yahoo and Barchart.com.

BITO (ETF) from 10/20/2021 to 6/22/2023: return of -56.98% (including dividends)
BTC (underlying) from 10/20/2021 to 6/22/2023: return of -54.39%

HODL outperformed U.S. ETF.

I use stock charts.com.
They show 1st trading day as 19th of Oct. What a difference a day makes.
But you are right BTC does seem to be just ahead of BITO. (My bad)
Both seem to be down over 50% in the time frame you referenced.
Only have to gain over 100% to be at breakeven.

 

[nitrene]

I mean the 2.6% outperformance is pretty close to the expense ratio (0.95%) + monthly rollover cost (usually 0.25% per month and mostly contango).

BITO is interesting for its monthly smoothed capital gains distribution. So far this year BITO has distributed $1.56 but is actually up $6.55 so if stays at $17 that means another $5 in distribution over the next 6 months. I'm not sure if they distribute all of it.

Here is the article (its available for TD Ameritrade customers).